Craig Poskus
What to do when you fail the de minimis safe harbor election test
Good morning everyone!I think I have a unique situation in that I do not qualify for the de minimis safe harbor election test. Now the cost of each of my items is below $2,500, however I don't believe I meet the othe...
Account Closed
$2,500 De Minimis Safe Harbor Election - per project or total?
Hi everyone, I closed on a property last week, listed it for rent the day of closing, and am performing some minor changes before it is rented. Based on my understanding of @Brandon Hall BARRRR stategy, since the pro...
Gwyeth Smith
Investors who receive Appfolio reports from their PM
My PM uses Appfolio and sends P/L reports via that platform. I have a hard time "following the money" and after discussing this with my PM company, was told that Appfolio can pretty much generate any report based on ...
Dan H.
Poll shows 64% of Americans would welcome a recession if it eant lower mortgage rates
Exclusive: 64% of Americans would welcome a recession if it meant lower mortgage rates (msn.com)My thoughs:- They do not have a good understanding of what occurs in a recession.- Less than 1.5 years ago rates were nea...
Matt I.
Long Distance "Turnkey" Deal, Poor Inspection Report
I'm under contract with an out of state property, which will be a STR. This would be my 3rd house purchase, but my 1st long distance deal.The inspection came back with many items that need repair. Way more than I'd li...
Brian H.
Curious how you decide your number for CapEx?
Hey all!So when you are deciding what to set aside for CapEx when doing a property analysis do you adjust it based on how new certain items in the home are? A property I am looking at has a 2 year old furnace, 8 year ...
Marco Morkous
Short windows accurate numbers??
Since there are such short windows, especially with good deals, how do you guys manage to get accurate rehab estimates and arvs if most deals go so quickly? I assume you put in the offer contingent on inspection, then...
Brigitte Garrett
IRS classification of Maintenance costs
Hi All,Under the current tax laws is interior painting considered maintenance vs repairs?What about roof maintenance (replacing a few shingles)?I would like to have document references to support classifying these two...
Chinmay J.
Getting house FHA approved
I have found a really awesome opportunity that I plan to make offer on in next few days. The home is a shell house. No appliances. It was built prior to 1978 so there is possibility of lead based paint. Currently FHA...
Shawn Sternick
Renovation in progress and Offer in Place 😁
Hello. I'm brand new to the forums although I've been listening to Bigger Pockets for a while now. My question.. I'm an experienced agent but working on construction for personal flip. I'm about 85% complete and I...